Africa’s Largest Tech Incubator Launches New Spaces In Lagos And Cape Town
The Meltwater Entrepreneurial School of Technology (MEST), a training program, seed fund and Africa’s largest tech incubator based in Ghana, has launched two new incubator spaces in Nigeria and South Africa.
In addition to the flagship incubator in Accra, the Meltwater Entrepreneurial School of Technology has launched two new spaces in Lagos, Nigeria and Cape Town, South Africa, expanding its reach and presence on the African continent, according to ITNewsAfrica.
The incubator has links throughout Africa, and since launching in 2008 it has already invested over $20 million in African startups, reports GhanaWeb.
Over 350 individual entrepreneurs have graduated from the training program and over 30 tech startups have been launched via seed funding and mentorship courtesy of the incubator.
Mirroring the facilities and services available at the original Meltwater Entrepreneurial School of Technology space in Accra, the Cape Town and Lagos incubators will offer support, mentorship and resources for entrepreneurs, as well as co-working facilities.
Entrepreneurs in Ghana, Nigeria, Kenya, South Africa and Cote D’ivoire have benefited from the Accra incubator, with the likes of Kudobuzz, meQasa, Tress, ClaimSync and Saya Mobile finding success under the incubator’s watchful eye.
Africa’s largest tech incubator expands to SA and Nigeria
Fu is a former managing partner of NEST.vc, an early stage venture capital firm specialising in startups that develop world-changing technologies that make a positive impact, and he is excited about the incubator’s expansion into two big African tech markets.
“We’re extremely excited to enter the Nigerian and South African markets with the launch of our new incubator spaces,” said Fu, according to Ventureburn.
“Lagos and Cape Town are home to an enormous amount of ambitious tech talent with massive potential. We also look forward to welcoming companies from the larger local community to join our Pan-African network of like-minded entrepreneurs,” he added.
With incubator spaces now available in Ghana, South Africa and Nigeria, plans to expand to Kenya are in the pipeline.